The Frax community has voted to pass FIP-418 to use BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. According to the ...

The Frax Finance community vote to adopt BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) as a reserve asset for the proposed stablecoin Frax USD (frxUSD) has gone live. According to ...

The Frax community has voted to pass FIP-418 to use BlackRock's United States dollar Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin.

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Frax Protocol will use BlackRock’s BUIDL fund to collateralize its frxUSD stablecoin, ensuring stability and yield. The BUIDL-backed frxUSD is part of a growing trend of yield-bearing stablecoins tied ...

The voting period to onboard BlackRock’s USD Institutional Digital Liquidity Fund as a reserve asset for Frax Finance’s new stablecoin, Frax USD, opens on Dec. 27 until Jan. 1, 2025. To make this ...

The Frax DAO is voting on using BlackRock’s tokenized treasury product as stablecoin collateral with 42 community members already voted in support of the motion. The voting is expected to close ...

Frax’s frxUSD is backed by BlackRock’s BUIDL Fund, offering stablecoin yield and blending DeFi with traditional finance. frxUSD maintains a 1:1 U.S. dollar peg and enables direct fiat conversion via ...

The Frax Protocol is the first stablecoin system that uses a fractional algorithm. Frax is an open-source, permissionless, and completely on-chain protocol that is presently implemented on Ethereum.